Regulatory Alerts2017-01-01
Payment Systems (Issuers of Electronic Payment Instruments) Regulations 2017
The Central Bank of Lesotho has promulgated regulations to establish a comprehensive licensing and oversight framework for issuers of electronic payment instruments and e-money. The rules mandate strict capital, governance, and operational standards while requiring licensees to safeguard customer funds in trust accounts, maintain robust risk management, and comply with anti-money laundering obligations. The framework governs license application, validity, renewal, suspension, and ongoing supervisory reporting to ensure payment system stability and consumer protection.
Share